Earnings release
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Schindler Management Ltd. Corporate Communications Ad hoc announcement pursuant to Art . 53 LR Interim Report as of June 30 , 2021 Press release July 23 , 2021 Schindler reports encouraging growth for the first half of 2021 Schindler For the first half of 2021 and compared to a weak prior - year period , order intake rose by 12.8 % to CHF 6 043 million and revenue increased by 10.4 % to CHF 5 475 million . Operating profit reached CHF 607 million , corresponding to an EBIT margin of 11.1 % ( EBIT adjusted 11.7 % ) . With these results , revenue and operating results broadly reached pre - pandemic levels , while order intake remained slightly below 2019 levels . Net profit amounted to CHF 455 million and cash flow from operating activities improved to CHF 721 million . The Top Speed 23 program has been ramping up with expenses starting to arise in the second half of the year and beyond . " We are encouraged by the positive trajectory of the first half of 2021. Looking ahead , we remain cautious due to the strong Swiss franc , increasing raw material costs , and delays of construction sites across the world , " said Thomas Oetterli , Schindler's CEO . " With the Top Speed 23 program ramp - up , we are accelerating digital transformation and boosting product innovation with the objective to strengthen our position in key markets and address profitability gaps over the longer term . " Order intake and order backlog Order intake rose by 12.8 % to CHF 6 043 million in the first half of 2021 ( previous year : CHF 5 355 million ) , corresponding to an increase of 14.1 % in local currencies - still remaining slightly below 2019 levels . All regions and product lines contributed to this growth . New installations remained robust , while the positive trends that could be seen towards the end of the first quarter in modernizations and repairs prevailed . Maintenance growth was solid . The Asia - Pacific region generated the highest growth rate , followed by the Americas and EMEA regions . In the second quarter of 2021 , order intake reached CHF 3 106 million ( second quarter of 2020 : CHF 2 635 million ) , corresponding to an increase of 17.9 % , or 17.7 % in local currencies . As of June 30 , 2021 , the order backlog increased by 7.7 % to CHF 9 623 million ( previous year : CHF 8 936 million ) . In local currencies , the order backlog increased by 5.9 % . Schindler Group - Key figures as of June 30 , 2021 Page | 1